How the History of eCommerce Has Cleared the Way For Entrepreneurs

The history of eCommerce is not only interesting but has proven to be one of the greatest developments of humankind over time. eCommerce also known to as electronic commerce, can be used to refer to the act of conducting business transactions and communication over electronic device such as computers. It involves the buying and selling of goods and services over digital communication networks and encompasses electronic transactions such as smart cards and electronic money transfers.

There has been a lot of confusion regarding the difference between eCommerce and e business. To explain the difference between the two, one will need to look at the manner and location in which the business is conducted. E business involves the conducting of business over internet networks. It is purely an internet affair and encourages buying, selling and collaboration with partners online so that unlike eCommerce where the business is conducted at a specified location, e business is conducted online anywhere and anytime. This difference as we will see later has its bearing on the history of eCommerce.

The first form of eCommerce was conceived in the late 20th century when electronic technology was used for the transfer of information and for conducting business transaction between different business entities. The enabling technologies at the time were the electronic funds transfer and the electronic data interchange. Drawing from this part of the history of eCommerce, many businesses came up with ways through which they could expand their influence within the market and these efforts and innovation gave birth to what are now used as automatic teller machines (atm’s), credit cards and telephone banking systems.

A time went by and with the introduction of high-speed internet connections and relevant security mechanisms; the history of eCommerce was fast tracked for the business idea to become what is it is today. More businesses and especially those within the banking industry saw a lot of growth over short periods of time. However, the eCommerce businesses experienced their lowest points during the ‘dot-com’ collapse that saw a great number of internet businesses crumble to their knees.

Calm was restored a few years later when most of the businesses and especially those in europe began to embrace eCommerce. History was written once again when business transactions, driven by the desire to serve the increasing worldwide customer service demands and regardless of size and nature were conducted over the internet. The most remarkable companies during this time were amazon, eBay and dell that despite conducting small internet transactions have grown to become the most formidable electronic business entities in the history of eCommerce.

eCommerce has made life much easier than it was two centuries ago. It has taken into account how busy life has become so that not many people enjoy the luxury of shopping from one store to another without any time constraints. Buyers are now able to shop for whatever they want just by a click of a button. You are also able to compare prices of goods and services from stores worldwide but from the comfort of your home. Like all things good, eCommerce has enlightened most people on the importance of technology. It has also made it possible for businesses to appreciate just how much a simple invention can change the face of your business. Such is the history of eCommerce.

How the History of eCommerce Evolved to Help Home Businesses

The history of eCommerce began almost forty years ago but started gaining currency in 1991 when the internet was first embraced by commercial users. Ever since, businesses have taken permanent residence on the net and have opted to maximize the benefits that accrue from its use.

It was initially taken to mean the process of conducting transactions electronically by use of technology such as Electronic Data Interchange and Electronic Funds Transfer, which gained prominence in the 70s. The Boston Computer Exchange was indeed the first known example of eCommerce in the 80s. This perception changed in the year 2000, which is famously referred as ‘the year of the dotcom collapse’ when established businesses worldwide realized the potential of the internet and its prospects of serving a global customer base electronically.

It is becoming increasingly popular for people to shop on the web for the simple reason that it allows them to do their thing at their own convenient times as opposed to conventional ways that we know of in fact people can even shop in the privacy of their bedrooms thanks to the internet. Home businesses have gained tremendously as a result of the evolutions arising from this rich history of eCommerce.

Take the electronic data interchange for one allows home businesses to exchange important documents with their clients without the need to move around. On the other hand the electronic funds transfer have made it possible for home businesses in remote locations without spending an extra dime to obtain payment for services already offered. These two developments have therefore made the life of home business owners easy.

Most businesses in Europe and the US actually set up their first eCommerce websites between the years1998 to 2000 even though they were rather skeptical after the events of the dotcom collapse of 2000. Those who were courageous enough to stand up and take the challenges offered by the internet reaped its benefits when the following year business to business transactions online accounted for over $700 Billion in sales.

The history of eCommerce is therefore backed by tangible evidence in terms of revenues that can purely be attributed to its use. Home businesses too can improve their revenues by taking a permanent residence on the net. This way they would be able to net a wider variety of customer base and hence be poised to greatly improve on their return on investment.

The year 1994 was important in the history of eCommerce as it saw the introduction of security protocols and high speed net connectivity. This meant that connection speeds would improve tremendously and allow transactions to be effected on almost real-time basis. With faster online transaction capability, eCommerce grew rapidly. Home businesses are bound to greatly benefit from this phenomenon as it means their dealings with clients will now be prompt hence no question of time lags in between transactions. Service delivery will certainly improve hence leave most of their customers satisfied and definitely yearning for more. On their part, home business owners will not be put on hold waiting for feedback from clients. Most of the dealings will now be real-time meaning there will be an almost instant communication.

In conclusion, home businesses ought to take a leaf from established internet based companies that took full advantage of the internet and its eCommerce ability to grow into the world’s most respected corporations such as Amazon and eBay. Not that they did not have their fair share of drawbacks over the years. The important thing is that they had the temerity to fight back and just see where they are today. Home business owners should not be cowed by the length and breadth of their resources and have it as an excuse for not venturing out there and exploit this rich history of eCommerce.

9 Important Points for the Best Ecommerce Web Development

Today, internet without the ecommerce can’t be imagined. Trade will be everywhere, it is a universal thing and this will rule the world till it exists. However, today’s ecommerce has come a long way because people today know the importance of ecommerce web development and web design. This is the biggest reason for attracting huge amount of customers to your website and this is why the internet is currently flooded with a number of ecommerce websites.

Due to this the competition in the online market is growing thicker and thicker with passing day and it’s not that easy to go ahead of others. To achieve the best in the online world you have to design a website that will be the simplest of all, easy to use, quick in functioning than you can certainly make a good image among the customers. Here is a list of things that good and highly effective for ecommerce web site design and development.

1. The first and most important page is the home page of a website and it should be made professional and highly attractive so that the first impression of the website should remain in the user memory and as we say “first impression is the last impression.”

2. The website should convey some kind of purpose, it should be goal oriented otherwise there are website that doesn’t have anything to say rather than distracting the customer unnecessarily for increasing their web page traffic.

3. A good and effective ecommerce website should completely represent your company and customer satisfactions for the best results are the two sole motives an organization should follow.

4. Customer demands and needs should be taken into consideration so that people will love your website.

5. Ecommerce web site design should be highly communicative so that without actually promoting anything you can signify the user about the idea and purpose of your website.

6. Proper navigation on the website is very important otherwise the user may get irritated and will leave your website.

7. A filter search option is very necessary for the customers.

8. No hidden charges, multiple payment options and a secure way of checking out are very important and will maintain the trust of the user in your website.

9. A good ecommerce website along with effective SEO strategy will give the website a leading edge among others. Therefore, it is very important for with good design good SEO services should be included.

From the above points you can realize the importance of ecommerce web development and design. It is equally important to pick up the perfect company for your website otherwise you cannot cash on the ideas.

• Choose those professionals who have a commanding knowledge over various programming languages.

• Go for those who are using the latest technology and remain updated with the technology.

• Analyze their profile and look for references and most importantly previous work experience and history so that you can gain confidence over their work.

• Select those ecommerce web site design companies who are capable to build online shopping carts considering the time and budget.